Cerillion (LON:CER) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Cerillion Plc (LON:CER)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,297.98 and traded as high as GBX 1,350. Cerillion shares last traded at GBX 1,330, with a volume of 138,217 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on CER shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,250 target price on shares of Cerillion in a report on Wednesday, April 22nd. Berenberg Bank reduced their price target on shares of Cerillion from GBX 2,200 to GBX 2,015 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 2,071.25.

Cerillion Price Performance

The stock’s 50-day moving average is GBX 1,297.98 and its 200-day moving average is GBX 1,388.28. The firm has a market cap of £392.90 million, a P/E ratio of 23.67 and a beta of 0.50. The company has a quick ratio of 2.75, a current ratio of 4.45 and a debt-to-equity ratio of 5.55.

Cerillion Company Profile

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.